Frontline Cancels Tanker Orders
According to a May 28 Associated Press report, Frontline Ltd., which owns and operates one of the world's largest fleet of crude oil tankers, said Thursday it canceled contracts to construct six new tankers, representing a third of the company's tanker building program and a contractual cost of $556 million. The company said it canceled contracts to build four Suezmaxes and two Very Large Crude Carriers (VLCC).
Dryships Agreement on $1.1b of Debt
DryShips Inc. (NASDAQ:DRYS) announced that it has reached agreement on waiver terms with Deutsche Bank AG, lender and Mandated Lead Arranger on $1.125b facility.
Eriksen, Wilhelmsen Ships Service Switzerland
Wilhelmsen Ships Service has further strengthened its presence in Switzerland by appointing Eivind Eriksen as General Manager for Wilhelmsen Ships Service Switzerland. Despite being a landlocked country, Switzerland is an important location on the maritime map. “Recently, we have seen an increased geographical move of customers towards Switzerland. As such, there is a great commercial potential in this area, and thus it is important to strengthen our presence.
CHKY Alliance Reorganizes Far East Srvcs
The CKYH Alliance (COSCON, “K” Line, Yang Ming and Hanjin Shipping) has reorganized its CNEU Far East service, and is once again offering two independent services.
Peter M. Palermo Passes Away
The Ship Structure Committee (SSC) announced that Peter M. Palermo died on 20 May in Alexandria. Palermo was the Navy's Principal Member from 1976-1987. Palermo…
Wagner Joins Capilano Maritime Design
Capilano Maritime, a naval architecture design firm based in North Vancouver, BC, Canada, announced that Richard Wagner has recently joined the firm as Senior Mechanical Engineer. Richard gained early exposure to the maritime industry through his family’s prominent marine steering gear company. Richard graduated from the University of British Columbia in 1996 with a degree in Mechanical Engineering and has most recently worked in the Technical Department at Vancouver Shipyards Ltd.
Hartings U.S., Canada Manager, PPG Coatings
PPG Industries’ (NYSE:PPG) protective and marine coatings (PMC) business has appointed Michael T. Hartings as general manager, PMC, United States and Canada (USCA). Hartings began his career with PPG in 1992 and has served in several managerial roles of increasing responsibility in the United States and Asia. Most recently, Hartings was general manager, PPG Coatings Malaysia, where he led the automotive and industrial coatings businesses in Southeast Asia.
UK EEMS Reporting No Longer Free
All operators on the UK Continental Shelf (UKCS) may soon have to pay to report their energy, emissions, waste and chemical data to the Department for Energy and…
T&T Bisso New Singapore Office
The T&T Bisso Response Network is expanding its global reach by announcing the opening of its office in Singapore. T&T Bisso Salvage Asia Pte. Ltd. is located at 12A Jalan Samulun in Jurong, an industrial area of Singapore on the western edge of the island. Headed by General Manager Richard van der Werf and Operations Manager Capt. Piet Sinke, the new office features 3,600 square feet of office space and 8,000 square feet of warehouse space on the waterfront with quayside dockage.
Changes in Vessel Operations Protects Whales
Years of study and effort by NOAA and the U.S. Coast Guard will pay off this summer when two changes to shipping lanes into Boston are implemented. Both changes…
Rolls-Royce Marine Tech Off Brazil’s Coast
Rolls-Royce has secured a $61.3b contract to supply a newly-developed anchor handling system that will enable floating oil platforms to be secured to the seabed in the extreme depths off the coast of Brazil. The system has been developed in response to the increase in deep water oil exploration and will be fitted to two vessels serving platforms owned by Brazilian oil company Petrobas. The vessels are currently under construction by STX Brasil Offshore and each one will carry more than 1…
20 Kalmar Shuttle Carriers to Algeciras
Cargotec's Kalmar business area has been awarded a contract to provide a fleet of shuttle carriers to TTI Algeciras S.A. in Spain. These 20 Kalmar SHC240H shuttle…
NAIAD Acquires VT Motion Control Group
USA Naiad Maritime Group, Inc. and VT Group plc (VT) announced Naiad Maritime Group’s completion of the acquisition of the collection of businesses known as the VT Motion Control Group…
Drewry Shipping Predicts Tanker Doldrums
Rising oil prices will not help the tanker sector, according to the latest Tanker Forecaster from Drewry Shipping Consultants. “The economic turbulence and the subsequent…
New Sloshing Guidelines for LNG Cargo
Lloyd's Register, the world leader in the classification of LNG carriers, has published a new guidance document for the design of membrane-technology liquid natural gas containment systems.
This Day in Naval History – May 29
1781 - Frigate Alliance captures HMS Atalanta and Trepassy off Nova Scotia 1991 - Amphibious Task Force in Bangladesh for cyclone relief redeployed (Source: Naval News Service)
BW Fleet Management Repair Deal at ASRY
Tanker operator, BW Fleet Management, expanded its Fleet Repair Agreement with ASRY’s Bahrain yard. The new repair agreement was signed by Morten Steen Martinsen, managing director of BW Fleet Management and Chris Potter, CEO of ASRY, in April in Bahrain. The Norwegian company, which operates out of both Oslo and Singapore, manages a fleet of more than 90 vessels operated by BW Gas and BW Maritime…
North P&I Club Loss-Prevention Campaign
The A rated, 100 million North of England P&I club is stepping up its loss-prevention campaign by identifying opportunities within its entered fleet to develop risk…
Çiçek Delivers First of Four 3100 DWT Tankers
The Turkish shipbuilder Çiçek Shipyard has delivered the 3,087dwt double-hull tanker Frecciamare to the Italian shipowner Ciane Anapo Spa. Based in one of Italy's major ports, Augusta, on the east coast of Sicily, Ciane Anapo is part of the Novella Group, headed by Marco Novella, and specializes in coastal tanker and bunker operations. Frecciamare was completed as Chem Flower, the first of four identical…
Dryships Completes “ATM” Equity Offering
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced the…
